The Healey Foundation
The Healey Foundation is a private foundation, based in Asheville, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $53K in total assets. In 2025, it awarded 5 grants totaling $455K. Net investment income was $15K.
The Healey Foundation at a glance
In short: The Healey Foundation gave $455K across 5 grants in 2025 (avg $91K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $455,000
- Grants made (2025)
- 5
- Average grant
- $91,000
- Median grant
- $15,000
- Total assets
- $53,431
- -89.2% vs 2024
- Primary geography
- North Carolina (88% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Healey Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Bounty & Soul ($400K). Together the top 5 received $455K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 8 grants of 9 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How The Healey Foundation gives
- Giving grew 4450% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $5K (2021) to $455K (2025). In 2025 it made 5 grants totaling $455K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bounty & Soul Black Mountain, NC | General Charitable Purposesg | $400,000 |
| Cross Roads House Portsmouth, NH | General Charitable Purposes | $15,000 |
| The Green Mountain Club Waterbury Center, VT | General Charitable Purposes | $15,000 |
| Carnegie Mellon University Pittsburgh, PA | General Charitable Purposes | $15,000 |
| Bees Feed US Fullerton, CA | General Charitable Purposes | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $53,431 | $16,934 | $457,457 | $455,000 | 5 | $455,000 | $14,794 | $19,410 |
| 2024 | $493,954 | $24,277 | $1,541 | — | — | — | $22,827 | $23,517 |
| 2023 | $472,423 | $7,920 | $41,471 | $40,000 | 2 | $40,000 | $6,515 | $24,417 |
| 2022 | $504,769 | $5,974 | $11,250 | $10,000 | 1 | $10,000 | $4,724 | $25,050 |
| 2021 | $510,045 | $250 | $6,256 | $5,000 | 1 | $5,000 | — | $25,325 |
| 2020 | $516,051 | $1,691 | $61,297 | $60,000 | 6 | — | $441 | $27,493 |
Under IRS private-foundation payout rules, The Healey Foundation reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Healey Foundation is led by Matthew R. Healey, President since 2024 (on filings since 2020); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Matthew R. Healey
President
Director & President → President, 2024
On filings since 2020
1 hr/week
No compensation reported
Samuel Healey
Director
On filings since 2020
1 hr/week
No compensation reported
Timothy Leehealey
Director
On filings since 2020
1 hr/week
No compensation reported
Darrah Noble
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Healey Foundation
How much does The Healey Foundation give each year?
The Healey Foundation gave $455K across 5 grants in 2025, according to its 2025 IRS Form 990-PF.
What is The Healey Foundation's typical grant size?
The Healey Foundation's median grant in 2025 was $15,000, and its average grant was $91,000, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Healey Foundation give grants?
The Healey Foundation gives mostly in North Carolina: 88% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does The Healey Foundation give general operating support?
Yes: 100% of The Healey Foundation's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Healey Foundation's largest grantees?
The Healey Foundation's largest 2025 grantees include Bounty & Soul ($400,000), Cross Roads House ($15,000) and The Green Mountain Club ($15,000), according to its 2025 IRS Form 990-PF. Together they received 95% of its itemized 2025 grant dollars.
How large is The Healey Foundation?
The Healey Foundation reported $53K in total assets on its 2025 IRS Form 990-PF. It paid out $455K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets).
What is The Healey Foundation's EIN?
The Healey Foundation's EIN (Employer Identification Number) is 65-0661496. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 22, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 19, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
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